State of Wyoming Acquires New Shares in Centene Corporation $CNC

State of Wyoming acquired a new position in Centene Corporation (NYSE:CNC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,695 shares of the company’s stock, valued at approximately $751,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. DV Equities LLC acquired a new position in shares of Centene during the 4th quarter valued at about $26,000. IFC & Insurance Marketing Inc. acquired a new stake in Centene in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its position in Centene by 118.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 749 shares of the company’s stock worth $31,000 after purchasing an additional 406 shares during the period. Bayban acquired a new position in Centene during the fourth quarter valued at approximately $33,000. Finally, MV Capital Management Inc. bought a new position in shares of Centene in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CNC. Morgan Stanley set a $66.00 price objective on shares of Centene in a report on Wednesday, July 29th. Bank of America boosted their target price on shares of Centene from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Mizuho set a $63.00 price target on shares of Centene and gave the company a “neutral” rating in a report on Monday, June 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Centene in a research report on Friday, July 17th. Finally, Stifel Nicolaus set a $79.00 price objective on Centene in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.15.

Centene Stock Performance

NYSE CNC opened at $67.53 on Monday. Centene Corporation has a twelve month low of $27.76 and a twelve month high of $69.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.71. The stock has a market cap of $33.36 billion, a P/E ratio of -6.47, a PEG ratio of 0.36 and a beta of 1.08. The company’s 50-day simple moving average is $65.00 and its 200 day simple moving average is $51.69.

Centene (NYSE:CNC) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $1.42. The firm had revenue of $53.58 billion during the quarter, compared to analysts’ expectations of $47.64 billion. Centene had a negative net margin of 2.51% and a positive return on equity of 12.12%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) earnings per share. Centene has set its FY 2026 guidance at 4.800- EPS. As a group, research analysts forecast that Centene Corporation will post 4.89 earnings per share for the current fiscal year.

Centene Profile

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.